Landlord insurance policies set to increase in the new year

Buy-to-let investors are expected to expand their portfolio’s in the new year.

There should be a big increase in landlord insurance policies because of this.

Mortgage lender Paragon Mortgage and BDRC Continental have researched and found that 22% per cent of landlords renting out their residential properties will intend to buy more property.

“This is an interesting time for the PRS [private rented sector] as landlords are experiencing very high levels of tenant demand as other areas of the housing market come under increasing strain,” managing director of Paragon Mortgages John Heron said.*